QD Laser Balance Sheet

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	3,070	3,754	4,836	3,581	2,821	3,224
Cash & Short-Term Investments	3,070	3,754	4,836	3,581	2,821	3,224
Cash Growth	-24.88%	-22.37%	35.05%	26.94%	-12.50%	120.22%
Accounts Receivable	212.51	260	302	380	282	225
Other Receivables	40.52	40	107	78	79	82
Receivables	253.02	300	421	481	380	307
Inventory	512.64	457	485	543	511	805
Prepaid Expenses	34.59	16	13	9	16	11
Other Current Assets	37.84	27	7	3	1	2
Total Current Assets	3,908	4,554	5,762	4,617	3,729	4,349
Property, Plant & Equipment	402.64	283	352	266	254	288
Long-Term Investments	4.74	285	27	27	25	25
Other Intangible Assets	4.41	4	4	6	8	10
Other Long-Term Assets	377.19	1	1	2	2	3
Total Assets	5,230	5,505	6,146	4,918	4,018	4,675
Accounts Payable	79.7	129	143	204	144	219
Accrued Expenses	44.27	54	51	50	49	55
Current Portion of Long-Term Debt	-	-	7	8	91	257
Current Portion of Leases	-	-	-	-	3	3
Current Income Taxes Payable	2.85	44	228	166	86	137
Other Current Liabilities	96.35	29	15	8	10	19
Total Current Liabilities	223.18	256	444	436	383	690
Long-Term Debt	-	-	-	7	15	107
Long-Term Leases	-	-	-	-	-	4
Long-Term Deferred Tax Liabilities	0.68	1	3	3	4	4
Other Long-Term Liabilities	5.51	29	32	33	34	62
Total Liabilities	229.36	286	479	479	436	867
Common Stock	55.48	55	53	3,270	2,564	2,242
Additional Paid-In Capital	6,254	6,252	6,250	5,754	5,047	4,726
Retained Earnings	-1,312	-1,088	-642	-4,591	-4,041	-3,160
Comprehensive Income & Other	3.38	-	6	6	12	-
Shareholders' Equity	5,001	5,219	5,667	4,439	3,582	3,808
Total Liabilities & Equity	5,230	5,505	6,146	4,918	4,018	4,675
Total Debt	-	-	7	15	109	371
Net Cash (Debt)	3,070	3,754	4,829	3,566	2,712	2,853
Net Cash Growth	-24.83%	-22.26%	35.42%	31.49%	-4.94%	250.49%
Net Cash Per Share	73.51	89.90	116.00	98.25	77.47	106.82
Filing Date Shares Outstanding	41.76	41.76	41.74	37.38	35.75	31.43
Total Common Shares Outstanding	41.76	41.76	41.74	37.38	35.75	31.43
Working Capital	3,685	4,298	5,318	4,181	3,346	3,659
Book Value Per Share	119.73	124.97	135.78	118.76	100.20	121.14
Tangible Book Value	4,996	5,215	5,663	4,433	3,574	3,798
Tangible Book Value Per Share	119.63	124.88	135.68	118.60	99.98	120.83
Order Backlog	-	335	303	326	238	135

Source: S&P Global Market Intelligence. Standard template. Financial Sources.